Despite their losing record, Forbes Magazine says the Knicks are the most valuable franchise in the NBA.
This is the second year in a row that the Knicks have topped the list.
They are valued at $1.4 billion, up from $1.1 billion last year.
Forbes says that the renovation of Madison Square Garden helped the Knicks attain an all-time record profit of $96 million last season.
The Nets, meanwhile, are fifth on the list with a value of $780 million, up from $530 million last year, when they were ranked ninth.
Also making the top five were the Lakers, Bulls, and Celtics.
None of the teams in the top five currently have a winning record.